China’s Manufacturing PMI Rebounded To 49.8% In September 2019

According to data released by the National Bureau of Statistics of China on September 30, the China Manufacturing Purchasing Managers Index (PMI) was 49.8% in September 2019, up 0.3 percentage points from the previous month. This is especially for Chinese stainless steel tubing supplier and stainless steel pipe supplier, especially kaysuns. It's a good news.

Zhao Qinghe, senior statistician of the Service Industry Research Center of the National Bureau of Statistics, said that one of the characteristics of the manufacturing PMI in September was the expansion of production demand. The new order index was 50.5%, up 0.8 percentage points from the previous month, and rose to the expansion range for the first time since May. The production index was 52.3%, up 0.4 percentage points from the previous month. The manufacturing index of agricultural and sideline food processing, textile and apparel, special equipment and electrical machinery and equipment was at a higher economic range of 55.0%.

High-tech manufacturing has also continued to expand. In the same month, the high-tech manufacturing PMI was 51.3%, which was 1.5 percentage points higher than the manufacturing PMI. It was located in the 51.0% boom period for 8 consecutive months. Among them, pharmaceutical, electrical machinery and other manufacturing industries expanded rapidly. In terms of demand, the high-tech manufacturing new order index was 53.3%, up 0.9 percentage points from the previous month, and the market expectation is improving.

It is worth mentioning that the prosperity of large, medium and small enterprises has risen to varying degrees. In September, the PMI of large enterprises was 50.8%, which was 0.4 percentage points higher than that of the previous month. The PMI for small and medium-sized enterprises was 48.6% and 48.8%, up 0.4 and 0.2 percentage points respectively.

With a series of policy measures to support the development of the real economy, the expected index of manufacturing operations of manufacturing enterprises increased by 1.1 percentage points qoq to 54.4%, the third quarter high.

The data disclosed on the same day also showed that the comprehensive PMI output index was 53.1% in September, slightly higher than 0.1 percentage point in the previous month, indicating that the production and operation of Chinese enterprises were generally stable.

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

KAYSUNSstainless steel pipe supplierstainless steel tubing supplierManufacturing PMI

More items from cnwellgreen

What Is Stainless Steel Solution Annealing?

Austenitic stainless steels are softened by solution annealing . Generally, stainless steel pipe and fittings are heated to 950 to 1150 degrees Celsius and held for a period of time. The purpose of this is to make the carbides and various alloying elements sufficiently uniformly dissol ...

roger chen - kaysuns industry limited

Posted 3 days agoPress > stainless steelSolution Annealing

Advantages Of Duplex 2205 Pipe Over Oil Industry

Why Duplex Pipe Be Used In Oil Industry Compared with 316L and 317L stainless steels, 2205 duplex stainless steel has better performance in pitting and crevice corrosion resistance.It has high corrosion resistance and a lower coefficient of thermal expansion than austenite Higher thermal conductiv ...

roger chen - kaysuns industry limited

Posted 1 month agoPress > oil industryduplex pipeduplex 2205 pipe +1

Manufacturing Process of Duplex Pipe - Why Duplex Pipe is Expensive

Manufacturing Process of Duplex Pipe - Why Duplex Pipe is Expensive After more than ten years of development, the manufacturing process of duplex stainless steel pipes has gradually matured, it made the material from high-end to ordinary applications. Considering the relative cost, more and more c ...

roger chen - kaysuns industry limited

Posted 1 month agoPress > Manufacturing Processduplex pipeWhy Duplex Pipe is Expensive +1

IMO 2020 and Scrubber

In the coming 2020, the sulfur-limiting order formulated by the International Maritime Organization (IMO 2020) will bring a series of changes to shipping. According to the latest estimates by the Exhaust Gas Cleaning Systems Association (EGCSA), at least 4,000 ships will be equipped with scrubbers ...

roger chen - kaysuns industry limited

Posted 2 months agoPress > IMO 2020Exhaust Gas Cleaning Systems AssociationInternational Maritime Organization

Annual Output Value Reaches 10 Billion! Guangdong Yongjin's Stainless Steel Phase I Has Been Completed 90%, Trial Production Next Month!

We carry out the cold rolling process independently, all relying on the upstream raw material support. Here in Yangjiang city, we must rely on the supply of Guangqing's raw materials. Its raw material guarantee has great support for the supply of our customers. After the first phase of the project ...

roger chen - kaysuns industry limited

Posted 2 months agoPress > cold rolling processstainless steelYongjin inc. +1
All posts from cnwellgreen